Override system.xml in Magento 1
Overriding A System.xml file for adding addition settings to an exist module in a new module.
Module name is (Namespace_Modulename)
Place this code to config.xml
<?xml version="1.0" encoding="UTF-8"?>
<config>
<modules>
<Namespace_Modulename>
<version>0.1.0</version>
</Namespace_Modulename>
</modules>
<adminhtml>
<acl>
<resources>
<all><title>Allow Everything</title></all>
<admin>
<children>
<system>
<children>
<config>
<children>
<modulename>
<title>title</title>
</modulename>
</children>
</config>
</children>
</system>
</children>
</admin>
</resources>
</acl>
</adminhtml>
<global>
<helpers>
<modulename><class>Namespace_Modulename_Helper</class></modulename>
</helpers>
</global>
</config>
Place this code to system.xml
<?xml version="1.0" encoding="UTF-8"?>
<config>
<sections>
<namespace> --> Place your Section Here
<groups>
<homepagetabs translate="label" module="modulename"> --> Place your Group Here
<fields>
<enable_disable_tab4 translate="label"> --> Place your Field Here
<label>Product tab 4</label>
<frontend_type>select</frontend_type>
<sort_order>13</sort_order>
<source_model>adminhtml/system_config_source_yesno</source_model>
<show_in_default>1</show_in_default>
<show_in_website>1</show_in_website>
<show_in_store>1</show_in_store>
</enable_disable_tab4>
</fields>
</homepagetabs>
</groups>
</namespace>
</sections>
</config>
Note : Change as per requirement like change groupname,sectionname,fieldname.